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Little Change in Sugar Outlook
WASHINGTON - Oct 12/06 - SNS -- There is little change in the outlook for U.S. domestic sugar markets in the coming season, according to the latest supply and demand forecasts from the USDA's World Agricultural Outlook Board.
Higher beginning stocks and production are offset by lower imports. Production is increased 11,000 short tons, raw value, based on processor estimates compiled by the Farm Service Agency (FSA).
Imports are reduced 92,000 tons due to higher shortfall under the tariff rate quota (TRQ) and lower imported sugar in molasses and syrups. Sugar use is unchanged.
For 2005-06, total supply is increased 80,000 tons. Production is increased 23,000 tons based on processor estimates compiled by FSA. Imports are increased 57,000 tons, with non-program imports up 50,000 tons and program imports up 7,000 tons.
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